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Al-Jouf Cement Company announces that it has received notice of an adjustment in the prices of fuel products used in production.

JOUF CEMENT 3091 0.00% 11.40 0.00
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Announcement Detail Al-Jouf Cement Company announces that it has received yesterday a notification from Saudi Aramco amending the prices of fuel products used in cement production, starting 01-01-2024.

The company would like to clarify to its esteemed shareholders that the impact of this amendment will be an increase in the cost of production, noting that the company is working on calculating the impact of that amendment. The expected financial impact will be announced as soon as it is completed. The company will also work during the coming period to explore ways to reduce the financial impact of this amendment on the company’s profits. It should be noted that the financial impact of this amendment will appear starting from the financial results for the first quarter of 2024.

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